2012-12-01
2012-12-31
x ho
x france

STATION
CNBC 9
FBC 7
CNNW 2
KGO (ABC) 1
LANGUAGE
English 26

Set Clip Length:


the jeffries trading floor today in new york. peter, you have a lot of different scenarios, but the most likely scenario that you think is that the blackberry fails, there is no acquisition on this and the cash firm continues? >> yeah. we think it costs about $1 billion to launch these devices. if successful, we think an access possibility goes up. if not, we see the company become much, much smaller a year from now. >> how do you measure success? and when we we know on this? >> we'll probably know around around/may next year. success would be call it 3 to 5 million units in the first quarter out of the gate and 5 million units plus after that. to us, that would be a very good launch. >> for anybody who is actually a blackberry user still, what do you say about these things? if there's a takeover, does that mean blackberry continues? what's the long-term outlook for the company? >> i would suspect that if you're a blackberry user, there's very little chance that your service is going to be cut off. that is a key cash flow driver for the company and anybody who would want to buy isn't concerned

your flu shots. >>> meanwhile here in new york, police trying to find the man in this subway surveillance video, arguing with another man in the middle of the day. seconds later, he pushed that man into the path of an oncoming train. the man was killed. police are checking other video, hoping to find a clear image of the killer. no word on what the two were arguing about. >>> and finally, some quick thinking here saves the lives of these two young girls waiting for their mother outside a store. that awning above them collapses. but the girl, able to drag her sister out of the way, at the last moment. a passing truck had clipped that awning, knocking it down. thankfully, neither girl was hurt. >> wow. they look little. >> very young. >> all right. >> that was fast. >>> let's go to washington, now, for the latest on the fiscal cliff. just 28 days until everyone's taxes are set to go up. house republicans have now sent the white house their own plan for getting america's finances under control. but both sides still far apart. abc's jake tapper is covering this from the white hou

for the new york giants. top pick. he set an all-time record . 52-twen was the final. go to ben roethlisberger, coming off of injury. big catch. mike wallace no realationn to chris. the chargers go on to win 34-24. that's what happened with the sports. big upset with the vikings and home of the bears. >> steve:-> chris wallace did you watch his power player, his dog. what a moving tribute. winston. what a life that had . a hole in their heart now he passed. >> gretchen: sorry i missed it. on a lighter note. what do airline workers think about the rest of us . have you ever done this to a flight attendant. apparently they do that when they want the flight attendant's attention. that is hated happen when people fly and are rude. 92 they looked and talked to 700 airline employees in 85 country, hey, i could use a coke over here . people trying to get off of the plane before the pilot gives the okay . stuffing too much in the overhead and charging to checked bags. you can understand it. on both sides of the aisle. >> brian: what bothers me, people ame as i am waiting in the back in the head. reall

scissors. exclusive report in the new york postsaid that chief linebacker had dinner and drinkks with another woman friday night and spent the night in her apartment and then returned home and spot shot his girlfriend. this could be about domestic violence. in 2006, he punched his fist through a window because he was upset with the girl. according to the cvc shaping up to be a bad one. this strain is a great match for this year's vaccine. 120 million americans have received flu shots. give her an ambassador job. according to bloomburg news. the editor of vogue may be ambassador to france. the white house had no comment. those are the headlines. that happens all of the time. ambassadorships are favors. 92 but what is her qualification aside from being editor. >> brian: and supporter of mrs. assad. >> gretchen: if you went back in time and look at other ambassador ships >> chris: it could doesn't go to her could go to mr. blackwell. >> brian: finallyy a royall baby bump. kate middleton is meg frant. this morning a scare and why she's in the hospital. >> steve: little boys as well .

'm melissa lee live from the new york stock exchange. negative across the board, looks like we're going to lose about 8.5% on the dow. we're watching for headlines out of an ecd press report. our road map this morning starting with apple, cratering on its biggest decline yesterday on four years, closing just pennies off the lows of the session. the stock continues lower premarket as investors watch the death cross watch. >> a cnbc exclusive, tim geithner says over the cliff is a must. >> bank of england and ecb keeps rates unchanged. europe continues to hang in there economically. >> and nat gas gets a boost. the government finds exporting it is better than keeping it here at home. >> apple as we mentioned in the spotlight today, shares of the tech giant coming off their worst day in four years, sliding back into bear market territory. the one day loss erased nearly $35 billion in market cap. that chunk is bigger than 400 other s&p 500 companies. apple ceo tim cook talked to nbc's brian williams in our rock center exclusive. >> why can't you be a made in america company? >> you know, th

an apartment, it was not that valuable. >> it's not practical for a new york city dweller, for instance. >> when you get houses, you see the mexican properties? i'm saying they're going up there. >> oh, really? >> yeah. if anybody wants one. >> available for weekend rental. >> semiautomatic weapon included. >> somebody stole it from me, he thought i was going to stop there, and let hem get away with it, and that's not really my style. >> would you kidnap jim cramer, david? i'm not sure. >> no. >> it would end there. >> it never ends. >> if the guy had done nothing, i would have said fib. but i found him -- no one has seen "taken 2." >> how could you not? what a great franchise. >> i know. >> she's been taken. >> really bad luck. >> when we come back, apple tv, microsoft surface tablets, we'll bring you the latest development regarding both of those. more from the deal book conference in manhattan, including an exclusive with lloyd feinstein. 11:00 a.m. eastern time. hanging on to gains. at the nyse, when we return. can i help you? i heard you guys can ship ground for less than the ups s

steve israel, congressman from new york. plus, we'll also be talking more about what's at stake in washington and how the fiscal cliff is likely to effect investment decisions. we have value investor leon cooperman, he's going to join us on set starting at 7:00 eastern time. then at 8:00 eastern, we have black op co-founder and ceo ralph schlosstein. and lynn hutchins will join us. we'll talk about what they see playing out and what they think is working when it comes to the markets now. >> the bill that the president says is in the house that he will sign if -- that's in the senate -- >> the senate. >> the senate that he will sign if the house passes it is what? >> that is $. >> -- that is 250? >> 250? >> he said 400. he said, i have the pen, let's keep tax rates where they are for everyone at 250 and below. so this one, that's c these guys are pretty clever because that would keep rates where they are for everyone at a million and below. no middle-class taxpayers up to a million dollars -- >> that's no matter what, isn't it, in either bill? >>yon r -- i think it would be the s

the audience what we're talking about. >> the front page article on the "new york times" is titled bribery aisle. it's about walmart and the mechanics cal can business that was aggressive and creative and a corrupter offering large payoffs to get what the law otherwise prohibited. the times reports that the retailer wanted to build a store in an alfalfa field in a town's main entrance which was barely a mile from some ancient pyramids. the town's elected leaders had prevented the new zoning map that would have prevented it. walmart officials decided to undo the damage by a well played bribe and the guy drawing the map drew it a little differently. >> that's exactly what happened. they found the old map and the new map. they found a disk in a shoe box showing the differences. it was incredible. >> the zoning map would not become law until it was published in a government newspaper, so walmart reportedly arranged to bribe an official to change the map before it was sent to the newspaper. walmart issued a statement saying the allegations are part of that company's ongoing investigation of the

pills. >> brian: headlines coming your way. former new york city mayor koch in the hospital. he is treated for a respiratory infection. second time he was hospitalized in the last three months. house votes on restoring lifetime protection for former president. they limit it to 10 years. the push because of national security concerns and former presidents taking on more active roles. gretchen? >> gretchen: thank you, brian. they were some of the most popular presidents in u.s. history and all elected to a second term. but it couldn't save them from the dreaded second term curse. it dated back to 1936 when president roosevelt won 46 out of 48 states. he used those results in an attempt to shake up the supreme court and that tarnished his reputation. fast forward to 1984. president reagan's economic recovery turned 49 of the 50 states red. the inran contraservice surface americans didn't like being kept in the dark . then the scandal impossible to forget. >> i want you to listen to me. i will say it again. i did not have sexual relations with that woman: >> gretchen: nick is a pres

of people who feel like doug cast does who writes with me with a piece in "the new york times" saying that -- >> most stuff is nontaxable accounts any way. most stocks that people won't be as motivated to sell as people think. of course that doesn't necessarily deal with the increase in payroll taxes and the whole recession side of it. it does deal with the stock market side in terms of selling. >> why not say, listen, fiscal cliff, i have to cut numbers. i have to cut guidance. i think many ceos will cut guidance because of the possibility that the amt is going to -- this alternative minimum tax, people don't know they have to write a check for $3,500 at the end of the year. once you jump over the cliff, you can reverse the payroll tax. senator corker who is terrific and had good privilege of talking with him this weekend, we both know you can't reverse amt. once you go over the cliff, amt is insidious. it's hard to figure out. >> in terms of negotiations we will sit here day after day, is it more theatrics, are they really stalled, will we get down to something at the end of the day

. welcome to "squawk on the street." we're here at the new york stock exchange. let's get a check on how we're setting up for the first trading session of the week. we certainly have a lot to chew on over the weekend with the sunday talk shows, focusing on the fiscal cliff. it looks like we're looking at a lower open for the dow. as for the action in europe, really, the action focuses on italy where there's an impending political regime change. more on that in just a moment. the road map starts at the golden arches. mcdonald's blowing out expectations for november sales after the dismal drop in the month of october. hoping to fuel the rise, the bacon/onion/cheddar sandwich. >> there's one thing for certain, taxes on top earners are going up. >> turmoil in italy. berlusconi throws his hat in the ring. retail sales numbers out of china, hoping the economy is in fact on an upswing. >> apple, enthusiasm. jeffreys trimming its price target to 800 from 900, as apple shares do trade lower in the pre-market. we'll start with mcdonald's, posting better than expected november same-store sales, global

gallagher has more on that. >> reporter: it's a cash cow for new york city. $293 million in the past five years alone. the reason new york is being sued is the drivers think the i is rigging them. federal law says the yellow lights at intersections where the speed olympic is 30-mile-an-hour has to be at least 3 seconds long. trim a seth sent out to engineers. they checked out a dozen lights and found all of the yellow lights were too short. some of them up to a half second short. that half second resulting in tens of thousands of extra tickets. the new york department of transportation says there has been no substantiation that any red light cameras were improperly timed. triple aaa acknowledges their mini study is not enought to support this lawsuit but says there is nothing to support the city's claim that cameras save time. too short yellow lights guarantee lots of citations will be issues but does nothing to improve safety. there are 540 communities in this country that use these cameras. the highest fines right here in california, $480. and most of them are not running the red light.

. but the new york times had it on the front page because it's a little bit hard to ignore. you have to have pretty extreme to put it on page 11. but it's very scathing. but there is something about this, it's scathing, but it is nonspecific. it basically spreads around the blame, without naming names. so we get these deputy secretaries who resigned. but the questions we still don't know and we won't know until we hear the testimony from the secretary of state, what did she know, when did she continue? where was she on the day? did she give any orders? and that also applies to the president. we don't know what he was doing in the seven, eight hours of that terrible day. we don't know what he said, what he ordered. were they counter mannedded and those are the questions that need to be asked. we do know as a result of the report, as we knew before, there were huge errors of judgment, denying security, denying the kind of protection the ambassador and others were begging for. and the larger issue, sean, of misunderstanding the nature of what was happening in north africa, with the growth of al

. >> warren buffett laid it out on monday in that new york times op-ed and he said in an ideal world, we would still have deficit speing every single year and the president laid it out more than once and in an ideal world, we're still-- we're not talking about cutting debt. we're talking about increasing it at a slower rate and then later on, the idea of 50 billion in stimulus, oh, by the way, let's remove the debt ceiling after all, that's silly. we're the only country that does it, let's be like france, greece, and spain and not have one and get to the cliff-- >> a quick reminder, by the way, adam of the 16 trillion dollars of debt that currently is on the table for the united states. 6 billion of that debt, neil, has been put on the books under president obama's watch. >> 6 trillion. >> 6 trillion. we're talking about adding on to that. where is he he coming up with the numbers? which economist is he citing and where are the polls-- >> warren buffett said earlier in the week it's not about economics it's about making peopleeel good. -- let me stop a second. did you say where he does he pull

you to pay for a union strike in new york, or we will get you fired when i was writing editorials against the strike in new york. so this is the -- it is that kind of coercion, which is coming to an end, everywhere. you heard it right here. the folks in michigan said, we looked at indiana, they are gettingions, businesses are coming in there. that's why we did it. they look south, where are the foreign companies coming? spartanburg, south carolina, bmwar plants, mercedes, tuscaloosa. volkswagen volkswagen, chattanooga, nissan plant. when foreign folks come into the country, they say, we don't want to deal with that stuff. let's go where we have good labor relations in the united states of america -- the wages are reasonable. >> greta: are the big companies, though, are they the one who is are union busting? if they are only going to go to those states and put some governors up against the wall, in order to compete -- >> sure. they are going to get the best deal. here's where i agree with the union guys. nafta, gatt, they are magna carta for transcontinental corporations to shut do

. >> announcer: tomorrow, "squawk box" exclusive coverage of the "new york times" conference. investing, the economy and the looming fiscal cliff. jpmorgan chairman ceo jamie dimon. carlyle group cofounder david rubenstein and a lot more. and it all starts tomorrow at 6:00 a.m. eastern on "squawk box." [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> welcome back to squawk. happy monday. today in the "wall street journal" suggesting netflix could end up doomed with its success with children. netflix just for kids get more popular. companies like viacom get accurate. companies provide netflix with most of its content in a ki

of republicans at the gate did a review in the new york times and he said this story compares with a john grisham knowledge and it does. >> what was the 700 million, fees paid to banks? >> it was just false fees. one piece of paper. >> and who ended up lining the pockets here? >> the money went to the cayman islands. so we'll a never know the truth. part of it was just to try to use off balance sheet vehicles to write them down. >> this former ceo, has he got cayman island accounts? >> i don't think there's any evidence of personal gain. no evidence of that. but last month in japan -- >> who was the owner of cayman island accounts? >> we'll never know all the truth. we'll never know all the truth unfortunately. but the whole board had to stand down last year. the local boa first time in the history of the knee nikkei. >>> nmichael, thanks for joinin us. when we come back, we'll go to chairs. and then in the next hour, you know the slogan. don't mess with texas. the state's governor is in the squawk green room and he's our guest host. rick perry will tell us why companies want to do miss businn th

donalds. unions want fast workers paid more. the new "new york times" put thn the front page saying mcdonalds pays her $8, but she deserves $15 #. civil ights groups, union demands a higher living wage, and they may get it. [chanting] >> the big bad union like the big bad wolf like the government use force. if they want a $15 minimum, that's what employers must pay. that sounds good to peoe. everyone will get a raise. the problem comes from what is not seen. i can interview the guy who got a raise. i can't interview the guy who didn't open a mcdonalds because work rules were too onerouor those never offered a job because high union paid skills protected him out of a job. we don't know who those people are. they are the unscene vic o

third year as globetrotter and joins us live from new york. what do you got? let me see your skills? >> how's everything? >> good. let me see that move? nice, sweet. i remember from back in the day. you were there for a couple weeks. how was your trip? tell us about it? >> it was great. we actually played ten games on our annual military tour and two games were in afghanistan, one was in bagram, then we played in kuwa kuwait, bahrain and uae. i'm glad i was there. >> you make it look easy. what does this mean for some of the men and women that you met over there? >> it means a lot, because you know, the globetrotters are not around our family as much because we're gone for 9 out of 12 months. we can relate to the troops in some way not being around our family for the holiday season. anytime we can go out there and take time out of our busy schedule to put a smile on their face, that's what it's all about. i'm happy to be part of it. >> that universe is a little different there. you have camouflage going on. >> yeah, i have one right here, actually. you know, i'm hope i was able to w

it before. the "$360" million deal will give delta a bigger share to the new york to paris flights. he tweeted the partnership will allow virgin to give british airways and the atlantic airlines a run for the money. he's not afraid to take auto competition or a controversial issue, including the legalization of drugs which he supports. in my sit-down with him i asked him about the recent votes in colorado and washington state that legalize marijuana use. here's how he weighed in. you made some news about two states that are legalizing marijuana. you believe this eventually is inevitable and will happen. tell me why. >> well, i'm positive on the global commission on drugs. we spent two years examining it. it's absolutely apparent to it in the 50 years since the united nations got together to create the war that it's failed. so what the commission is saying is please try different approaches. on an immediate basis please stop locking up our children, our brothers and sisters. that's not the way to help them if they have a drug problem. put them through drug rehabilitation, get them well

news function but look to the earthquake up couple years ago that was not much damage. what if it wiped out york and washington? it will work when nothing else does. others would have been knocked off. john: you'll learn about it from tv and radio. i learned about it now. >> i have a battery operated radio. >> the anchor man says this happened. >> this is a boondoggle. and you guys never stop. >> make sure the public remains safe. >> 12 hours after the storm began it look like the emergency alert because take shelter now. 12 hours into the storm i am not personally directing it at you this is government thinking spend the money for a second to rate stuff. >> you mentioned of local alert. we have to and include training for emergency workers say you are right. 12 hours is not acceptable that was a failure but to still have dealer system i appreciate the fact i got the alert that said take cover. john: thank you jamie barnett. my government projects may from dangerous chemicals. base steady if this dangerous to wash your hands with this so poor brush with this toothpaste. their conclusion

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